Zurcher Kantonalbank Zurich Cantonalbank Sells 427 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,792 shares of the financial services provider’s stock after selling 427 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Green Brick Partners were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Green Brick Partners by 10.1% in the third quarter. Vanguard Group Inc. now owns 2,166,373 shares of the financial services provider’s stock valued at $89,926,000 after purchasing an additional 199,471 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Green Brick Partners by 123.1% in the third quarter. Lord Abbett & CO. LLC now owns 149,294 shares of the financial services provider’s stock worth $6,197,000 after purchasing an additional 82,384 shares during the last quarter. Graham Capital Management L.P. purchased a new position in Green Brick Partners in the 3rd quarter worth about $1,229,000. Qube Research & Technologies Ltd lifted its holdings in Green Brick Partners by 155.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 159,387 shares of the financial services provider’s stock valued at $6,616,000 after buying an additional 96,923 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Green Brick Partners by 60.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 12,909 shares of the financial services provider’s stock valued at $536,000 after buying an additional 4,876 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Price Performance

Shares of GRBK opened at $56.64 on Friday. Green Brick Partners, Inc. has a fifty-two week low of $37.31 and a fifty-two week high of $61.62. The stock has a market capitalization of $2.54 billion, a PE ratio of 8.59 and a beta of 1.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.44 and a current ratio of 8.70. The company has a 50 day moving average price of $55.84 and a 200-day moving average price of $51.44.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.31. The company had revenue of $447.34 million during the quarter, compared to the consensus estimate of $440.44 million. Green Brick Partners had a net margin of 17.13% and a return on equity of 24.40%. Green Brick Partners’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $1.37 earnings per share. Equities analysts predict that Green Brick Partners, Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Green Brick Partners news, Director Richard S. Press purchased 1,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was bought at an average cost of $51.84 per share, for a total transaction of $51,840.00. Following the completion of the purchase, the director now owns 88,063 shares in the company, valued at approximately $4,565,185.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 44.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GRBK. Wedbush reaffirmed a “neutral” rating and set a $49.00 target price on shares of Green Brick Partners in a research report on Thursday. B. Riley upped their target price on Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday. Finally, StockNews.com downgraded Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th.

About Green Brick Partners

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.